Legion Group Share Discussion Threads

[only1buster] 25/5/2010 08:46

when the extent of the total debt is revealed we will see weather the optomistic upbeat company utterances were justified - for all holders sakes i hope the fear of the market has been overdone - i hope that the hell for leather expansion days are over and the only takeover talks we are bothered about is LGNG being taken over by a stable cash rich white knight IMO

[watchout2] 24/5/2010 08:51

I think they put out a large fishing net hoping for a desperate seller when
it hit 0.6p bid but nothing emerged so they are now running for cover as most
trades are buys.

1 mm bid 0.8p on Friday, now 3 mm's bid 0.9p so much better but still a lot
lower than what it was a few weeks back.

[dunluce] 24/5/2010 08:38

Nice to see an early rise here. Hopefully with the issue of the loan notes ( and the companys confidence in early repayment) we can - (the market can) stop worrying about short term cash flow and look at the longer term picture. The fall in share price seems to have been well overdone - but hardly surprising considering the fragile state of the markets last week and the uncertainty over the situation at LGNG. Perhaps I'm clutching at straws but the markdowns were on meagre volume. Certainly the lack of communication from the company does not do it any favours.

[watchout2] 21/5/2010 16:27

Somebody has just hoovered up a lot of the available stock (500k at 0.95p).

[only1buster] 20/5/2010 21:15

60m turnover,16% profit, 5 million market cap, 70% fall in share price in 3 weeks. - if ever a company owed an explanation to shareholders legion does - RNS NOW! The shares should be suspended until an explanation is published.

[watchout2] 20/5/2010 16:29

0.6-0.94p online.

The mm's sure know how to put themselves out of business when they make
up spreads like that.

[mike_f] 20/5/2010 16:24

My god! Crazy fall...

[only1buster] 18/5/2010 12:32

is thaty what is meant by looking after the interest of all stakeholders, shareholders etc - it cetainly is giving added value to the favoured few -.more and more dilution - when will it end !- I expect there will be a long delay with the full detailed report IMO

[hamidahamida] 18/5/2010 10:12

IMHO THIS IS HOW I SEE IT
THEY PAID OFF MARK HIGGINS (OR HE PAID HIM SELF OFF FIRST) AND THEN HE LENDS THAT MONEY BACK TO THEM WITH HIGH INTREST BEARING L/NOTES AND HE ALSO HAS THE OPTION TO BUY THE PROFITABLE CAR PARKS BUSNIESS...

[stegrego] 18/5/2010 09:16

I guess thats why they issued the loan notes.


Can you shed any light on why they paid off the loan rather than use that money for working capital?

[hamidahamida] 18/5/2010 09:04

SOME NEW INFO

Recently they faild to pay their in house staff on time

and sub contracters are still not paid on time

CASH IS VERY VERY TIGHT

[watchout2] 14/5/2010 10:29

Actually was 1p offer online so had a nibble.

Online spread 0.85-1.03, 375k v 500k

[watchout2] 14/5/2010 10:23

Problem here was there was a overhang already so any sales can really
knock the price, dont mean that anything disastrous is wrong with the
company, it's just the mm's have a very long book and will keep dropping
until they find support, buying opportunity especially if Wins go 1p offer

[dunluce] 14/5/2010 10:23

Very disappointing share price - have however taken a small top up. Bought in at 1.03 pence ( although not yet showing ). My rationale here is that LGNG has been marked down on low volume and a lack of clarity. The company are extremely poor at communicating with shareholders and this in itself has contibuted to the recent share price action. The communication around the Loan notes I will take at face value for the moment - with expectation of paying these back in the short term. Always open to other points of view and information - not a stock for widows and orphans.

[only1buster] 14/5/2010 08:59

nero fiddles while Rome burns - company statement and action required

[stegrego] 14/5/2010 08:25

Is quoting 0.75p now for 100,000 sale.

WTF

I know this is illiquid, but thats 2x per.

Priced to go bust now for sure.

Loan notes should support it though, but no one is going to buy with a 20% spread and all the mystery.

Was 2p to sell the day they announced CCTV sale (which was good news)

Is now 60% down 3 weeks later.

[andrbea] 14/5/2010 08:23

the waiting continues...
so a profit was expected in next results
May or June?

just longer to wait I suppose.

[stegrego] 14/5/2010 08:03

This is turning into a disaster - share price down 50% in a few weeks.

All time low - bloody shambles.

Anyone have an email contact for the company?

I tried investor.relations but it bounced!

[eugene1234] 12/5/2010 17:29

Remember what hamidahamida said on the 20th April. Is he right??


hamidahamida - 20 Apr'10 - 14:58 - 174 of 206


Nice to see they have disclosed
some info after my post which every one thought was a deramp

1)They had some difficult legacy issues which they have covered up in is
Non recurring integration costs GBP2.1m .

2)They have also admitted to losing £500k in bad debts


3) Still they are not paying sub contracters on time which suggests cash is tight

[only1buster] 12/5/2010 16:09

more and more dilution - same old story - the results are critical - just how much is effectively pawned - eliminte THE DEBT.